Chicago's Crown Jewel of Lake Point Tower Up for Sale

Dr. Dame Evangeline Gouletas

CHICAGO, IL– Lee & Associates, a nationwide leader in commercial real estate services, named brokers on Chicago's Crown Jewel of Lake Point Tower. 

Rick Scardino, principal at Lee & Associates of Illinois' will be marketing the 7,536 SF which includes restaurant offices, a kitchen prep room, and storage spaces on the second floor. The total square footage on the 70th floor is 4,706 square feet.

Rick Scardino

The first time on the market, after almost 50 amazing years, Dr. Dame Evangeline Gouletas, owner of Cité Chicago, the circular fine dining restaurant at the top of Lake Point Tower, is bringing Cité’s glamourous, star-studded journey to a marvelous end. 

 Gina Lollobrigida

This will allow the space to move on to its next evolution. Whether as another restaurant (possibly al fresco on the 69th & 70th floors), a luxury rooftop spa, or a unique star grazing penthouse residence with stunning views, that decision will be left to the imagination of its new owners. 

Oprah Winfrey

“It’s time.” stated Dr. Gouletas, (a Greek American businesswoman and former First Lady of New York “I’m an urban, luxury, high rise real estate developer and there are many new projects ahead of me that require my focus.” 

Tom Cruise

Cité, with its sapphire lighting, sits as a jewel-colored beacon on top of Chicago’s most iconic building, Lake Point Tower. 

Because the restaurant is circular with floor to ceiling windows, every seat in the house has breathtaking views.

James Woods

 The iconic clover-shaped black glass tower is the only building East of Lake Shore Drive and overlooks Navy Pier, Lake Michigan, the Harbor, and has breathtaking views of the golden Chicago skyline & Navy Pier’s summer fireworks. 

 George Schipporeit 

The restaurant is known for its 360-degree panoramic views spanning three states, truly creating a “dine among the stars experience” in what was once the world’s tallest residential building. 

John Heinrich

Speaking of stars, many famous actors, media personalities, dignitaries, and royalty have dined at Cité. Actors like Tom Cruise, James Woods, actresses like Gina Lollobrigida and media personalities like Oprah Winfrey were Evangeline’s guests and have frequented Cité.

 Ludwig Mies van der Rohe

Initially designed as an exclusive private club for the residents of Lake Point Tower, the restaurant was intended to support the intimate lounge trade.

 Since that time in the early ’70s, Cité has evolved into a coveted special occasion “bucket list” restaurant destination in Chicago because of its spectacular views.

Lake Point Tower by itself is an architectural masterpiece designed by architects George Schipporeit and John Heinrich, who studied under Ludwig Mies van der Rohe at the Illinois Institute of Technology. 

This has been recognized by the media with a plethora of accolades on numerous occasions throughout the years. 

 It is the only building in Chicago that allows you to look back at the city skyline and is stunning. 

It was voted as one of the World’s Best 17 Restaurants and Bars with Amazing Views by Delish.com. The restaurant was also voted one of “Chicago’s 10 Best Romantic Places to dine” by USA Today. 

For more information and to view the offering memorandum, please contact Rick Scardino rscardino@lee-associates.com | 773.355.3040 and he will be glad to send you this information. 

For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.

CONTACT:

Pamela Murphy
Lee & Associates
(832) 315-0219
pmurphy@lee-associates.com

For Media Inquiries: Please contact Cindy Busch, cbusch@citechicago.com, +1-706-755-8594

Berger Commercial Realty/CORFAC International Announces New Hires in Fort Lauderdale and Miramar Offices

Adam Markoff 

FORT LAUDERDALE, FL – Berger Commercial Realty/CORFAC International has announced two executive hires at its Fort Lauderdale and Miramar offices, both of whom hail from northern commercial real estate markets.  

New York City property accountant Adam Markoff joins Berger’s Fort Lauderdale office as Senior Property Accountant.  Cesar A. Mendez, who recently moved to South Florida from Tallahassee, joins Berger’s Miramar office as Property Manager. 

“Increased migration from north to south is real,” Berger President and Founder Lloyd Berger explained.  “The strength of South Florida’s commercial real estate market coupled with Berger’s consistent performance is attracting top talent like Adam Markoff and Cesar Mendez to relocate and join our team.” 

Cesar A. Mendez,

Markoff, who most recently handled accounting, budgeting, financial reporting, forecasting and auditing responsibilities for a New York City property manager, was a former Associate with PWC’s (Price Waterhouse Coopers) New York office, where he planned and executed financial statement audits of real estate fund and asset management clients valued at over $15 billion.  

 He also managed accounting operations for a major national health insurer. 

He holds a Master’s Degree in Accounting from Yeshiva University’s Sy Syms School of Business, at which he also earned his Bachelor of Science in Accounting. 

Cesar Mendez previously served in a similar role for a Tallahassee property consulting firm, at which he maintained near-100 percent occupancy levels for property portfolios valued at over $10 million. 

Mendez developed his enthusiasm for property management while earning his Bachelor of Science Degree at Florida State University.   A Magna Cum Laude graduate with a knack for building rapport with prospects and residents, he applied his skills to managing and leasing student housing properties and rapidly assumed leadership roles.   

Bilingual in English and Spanish, he has managed marketing partnerships with government and academic institutions, among other accomplishments. 

For more information about Berger Commercial Realty, please visit bergercommercial.com or call 954-358-0900. 

CONTACT:

Jennifer J.H. Pierce

Account Director

Pierson Grant PR
6451 North Federal Highway, Suite 1200  |  Fort Lauderdale, FL   33308
T:  954.776.1999, ext. 232  |  E:  jpierce@piersongrant.com 

www.corfac.com. 

www.bergercommercial.com. 

Phoenix industrial building trades for $10.55 million

 Brian Ackerman

PHOENIX, AZ, July 28, 2020 – JLL Capital Markets announced today that it has closed the $10.55 million sale of a 101,932-square-foot flex building located in Southbank Business Park in Phoenix, Arizona.

JLL represented the buyer, a private charitable foundation that purchased the asset. 

Additionally, the buyer hired JLL’s leasing team to market the available 55,139-square-foot contiguous suite. Two fortune 500 companies occupy nearly half of the property. 

Situated on 7.96 acres at 3930 East Watkins St., Southbank Business Park’s central Phoenix location provides easy access to the entire metro area. 

The property is adjacent and visible to Phoenix Sky Harbor International Airport and minutes from Downtown Tempe and ASU, which provides multiple amenities, including hotels, restaurants, parks and fitness. 

Steve Larsen

Additionally, the property’s central Phoenix location places it within an eight-hour drive to international ports in both California and Mexico.

 3930 East Watkins St. features 24-foot clear heights, wide column spacing, multiple loading positions and ample parking. 

The JLL Capital Markets team representing the buyer was led by Managing Director Brian Ackerman, and the JLL Leasing team marketing the tenant space is being led by Managing Director Steve Larsen.

“The buyer was attracted to this location because of the superior quality of construction, the institutional tenants that lease space at the property and the proximity to the airport,” Ackerman said. “The property is also easily accessible to all parts of metro Phoenix.”

For more news, videos and research resources on JLL, please visit our newsroom.

  

Contact: 

Kimberly Steele

JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 jll.com.

Ware Malcomb Announces Completion of ZS Associates Office in San Francisco, CA

Rhea Butler

SAN FRANCISCO, CA, July 28, 2020 – Ware Malcomb, an award-winning international design firm, today announced construction is complete on the offices of ZS Associates located at 611 Gateway Boulevard in South San Francisco.

Ware Malcomb provided interior architecture and design services for the project. 

ZS Associates, a global professional services firm, expanded its offices into 11,682 square feet in South San Francisco. 

A complete interior renovation of the space included a mixture of open office seating, collaboration spaces, meeting rooms, large training room, and an open kitchen area. The firm also maintains its existing office space on the 10th floor of the building.

New offices of ZSA Associates, San Francisco, CA

“For over 35 years, ZS has been helping clients innovate and solve complex problems by taking things apart, seeing how they work, and putting them back together in a way that works even better,” said Rhea Butler, Director, Interior Architecture & Design of Ware Malcomb’s San Francisco office.

“It was exciting to adapt this corporate culture into the new office design by implementing the concept of puzzle pieces.” 

The General Contractor for the project was GCI General Contractors.

 To learn more, please visit www.zs.com or follow us on Twitter and LinkedIn.

For more information, please visit waremalcomb.com/news and view Ware Malcomb’s Brand Video at youtube.com/waremalcomb.

CONTACTS:

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

Rachel@kcomm.com 

Maria Rodgers

Public Relations Manager, 949.660.9128

 mrodgers@waremalcomb.com

Maureen Bissonnette

 Associate Principal, Marketing

 949.660.9128

mbissonnette@waremalcomb.com

Lee & Associates Columbus Adds Michael Viera as New Brokerage Associate

COLUMBUS, OH –  Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced the addition of Michael Viera as an Associate in the  Columbus, Ohio office. 

Michael Viera 

“We are incredibly excited to be able to add another extremely talented young associate to our growing roster in Columbus”, said Todd Spencer, Principal at Lee & Associates. 

 “Michael jumped in headfirst into our Lee University training program and is assisting senior level brokers with deals in progress while also beginning his own business development activities.”           

After graduating from The Ohio State University in December of 2019 with a Finance degree,  Viera began his career full-time in real estate at NorthSteppe Realty, where he helped facilitate the leasing of multifamily and single-family properties in the OSU campus area and surrounding downtown submarkets.  

 Viera also played lacrosse while at OSU. 

  

Todd Spencer

“The Lee & Associates entrepreneurial platform provides me the latest technology, resources and a collaborative environment to be able to provide superior client service, optimizing client results.  I couldn’t be more excited to join the Columbus team and play a part in this growth,” said Viera.                                      

For the latest news from Lee & Associates, please visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog 

CONTACT:

Bailey Ludt
Lee & Associates Columbus
(614) 923-3300
bailey.ludt@lee-associates.com